Nightmare Day For Banks

The Times Online is reporting 300,000 frozen accounts at Icesave bank.The Financial Services Authority this afternoon drafted in Ernst & Young (E&Y) ... on Monday.The Icelandic crown continued to be volatile in today's trading, forcing the central bank to introduce a currency peg at a value of 131 per euro. It was last trading at 144 per euro. Bank [more...]

Date: 2008-10-08 00:53:00

Blog posts (22) | Videos (283)
 

Shortest. Currency Peg. Ever.

It will go down as one of the more ill-fated tactical ideas in the financial markets in some time ... as they were — showed the currency trading nowhere near those levels. Earlier Wednesday the euro was buying ... . Iceland’s attempt to set the level of its currency, the Icelandic krona, died a quick death [more...]

Date: 2008-10-08 16:36:51

Steady Diet of Chinese Currency

by The Mogambo Guru I keep watching the steady march of China towards world domination, and their currency (the yuan) ... . Now, "China has said it is to allow some trade with its neighbours to be settled with its currency ... of China's foreign trade is settled in U.S. dollars or the euro, leaving exporters vulnerable [more...]

Date: 2009-01-06 21:30:34

Ten Non-Predictions for 2009: Part II

And now the second half of this year’s non-predictions, following on from yesterday’s first five: 6) EUR/GBP will NOT trade at par ... franc, the euro remains the most overvalued major currency in the world…and the lesson of the past year ... those dollars “dropped from Ben’s helicopter” make their way back into the system [more...]

Date: 2009-01-08 15:34:16

Germany guarantees all personal bank deposits

As the $700-billion U.S. financial system bailout gets underway, Europe still is struggling to contain its own banking turmoil ... limit to $250,000 per account from $100,000. If the euro currency is another barometer of confidence, it's pointing to a continuing loss of investor faith in Europe: The euro on Sunday was trading [more...]

Date: 2008-10-05 22:59:50

Clash of the Titans: The Dollar and Yen

The dollar has had quite a run of late against most of the major world currencies. It is trading at one-year highs against the euro, is moving further away from parity ... Zealand’s central bank reduced its key lending rate by 0.5 percentage point, reducing [more...]

Date: 2008-09-11 16:53:28

With Priceline, Choose Your Options Strike

Does the Negotiator trade options? (Source: Myspace.com/thenegotiator) Many U.S ... currency strategists are for continued strength in the euro against the greenback, due to the decline ... . Priceline usually trades no more than about 1,300 calls a day, but more than 40,000 calls [more...]

Date: 2008-12-18 17:18:36

With Priceline, Choose Your Options Strike

Does the Negotiator trade options? (Source: Myspace.com/thenegotiator) Many U.S ... currency strategists are for continued strength in the euro against the greenback, due to the decline ... . Priceline usually trades no more than about 1,300 calls a day, but more than 40,000 calls [more...]

Date: 2008-12-18 20:18:00

Euro Likely to Rally vs US Dollar on Clear Shift in Forex Sentiment (Daily FX)

DailyFX provides the latest financial news that applies to the currency trading industry. Get constant updates, free forex charts, forex trading quotes and live currency pair pricing. Link to the original site [more...]

Date: 2009-01-08 22:13:18

Forex Market Update: Dollar Gains Against Euro Pound in Asian …

DailyFX provides the latest financial news that applies to the currency trading industry. Get constant updates, free forex charts, forex trading quotes and live currency pair pricing. [more...]

Date: 2009-01-05 06:38:11

Euro Forecast Bearish on Forex Crowd US Dollar Selling

DailyFX provides the latest financial news that applies to the currency trading industry. Get constant updates, free forex charts, forex trading quotes and live currency pair pricing. [more...]

Date: 2009-01-02 23:55:12

Euro Technical Outlook

As mentioned yesterday, “due to the fact that the pair remains close to the center of a large correction, I can not be confident that 1 ... , funds secured and local agents in 18+ countries.3. ForexGen offers Forex trading in the major currency ... . ForexGen offers a free trial Forex demo account that allows you to test your skills and practice [more...]

Date: 2009-01-09 02:01:00

US Dollar hits one-year high vs euro

During the last hours we have seen the EUR/USD reaching its lowest level since September 2007 ... their own analysis of this situation. Kathy Lien, Director of Currency Research at GFT (Global Forex Trading), wrote a special report about this topic where she said: “3 primary factors continue to drive [more...]

Date: 2008-09-11 14:47:36

Forex Trading Signals Profit on Japanese Yen Strength - What’s Next? (Daily FX)

Currency trading markets have started the New Year with a bang, as the US Dollar has already carved out major moves against the Euro and other key counterparts. Link to the original site [more...]

Date: 2009-01-12 23:23:55

Managing Finance Wisely

by Den M Smythe Managing finance has always been an important and tricky job ... on managing finance. www.ifinancetips.com tells readers about credits and loans, forex trading, dealing ... to all people. Other posts on this website talk about Forex and currencies, about the dollar versus the euro [more...]

Date: 2008-12-11 23:13:19

Dollar soars against euro

By Julianne Pepitone CNNMoney.com contributing writer NEW YORK (CNNMoney.com) — The dollar rose sharply against major currencies Monday ahead of anticipated interest rate cuts ... , the dollar was up 2.08 percent against the 15-nation euro, which was trading at $1.3617 [more...]

Date: 2009-01-05 15:11:56

Dollar Slumps Versus Yen

The dollar fell to a 13-year low against the yen on concern General Motors Corp ... so-called carry trades and after Finance Minister Shoichi Nakagawa said the country isn’t considering ... 3 percent to 121.83 yen from 118.18.   Technorati Tags: Automakers, Currencies, Forex, Euro, USD, JPY [more...]

Date: 2008-12-14 02:45:01

Dollar retreats on dismal economic news

By Catherine Clifford CNNMoney.com NEW YORK (CNN) — The dollar retreated against major currencies Wednesday as two weak jobs reports showed ... , the 15-nation euro was up 0.48 percent against the dollar, trading at $1.3601, from $1.3537 late [more...]

Date: 2009-01-07 20:38:34

Sterling Euro Outlook Forecast

Sterling gains for the second day runningThis Market report will focus on yesterday’s trading which saw sterling gain against all the major ... the single currency and yesterday we saw another 2.7% gain moving us further away from parity [more...]

Date: 2009-01-09 15:23:00

Today in Russian Business - Dec 29, 2008

In trading on Monday, the Russian ruble again fell to a record low against the euro as the Central Bank again widened the band to loosen its defense of the currency. State bank Vnesheconombank (VEB) spent $26 billion on infrastructure projects in 2008, designed to help small- and medium-sized business growth. Worldwide steel production [more...]

Date: 2008-12-29 16:19:41

EES - What Russian war means for the Euro

FX is extremely sensitive to politics, because a shift in a domestic political system can be directly connected to a currency’s value ... % to many Eastern European states , and the EU is Russia’s largest trading partner, totaling $285 [more...]

Date: 2009-01-05 20:47:00

Daily FX Commentary

Yen targets Euro support The Australian and New Zealand dollars were unable to sustain gains on Thursday and this also tended to support the Japanese currency. There was, however, further evidence of a flow of capital into high-yield overseas bond ... slightly stronger at near 109.50 in US trading. The Japanese economic data was stronger than expected [more...]

Date: 2008-08-29 10:32:03

22 Results